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CONSOLIDATED STATEMENTS OF CONDITION (CURRENT PERIOD UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and due from banks $ 46,326 $ 49,524
Interest-bearing deposits in other banks (including restricted cash) 57,407 96,250
Total cash, cash equivalents and restricted cash 103,733 145,774
Investments:    
Trading securities 4,354 4,161
Available-for-sale securities, at fair value (book value of $1,381,864 and $1,078,474, respectively) 1,399,823 1,115,813
Held-to-maturity securities, at amortized cost (fair value of $1,397 and $1,411, respectively) 1,294 1,297
Other investments 10,224 11,541
Total investments 1,415,695 1,132,812
Loans held for sale, at fair value (book value of $14,887 and $40,499, respectively) 15,140 41,557
Loans 3,285,916 3,219,822
Less: allowance for credit losses on loans (32,060) (37,865)
Net loans 3,253,856 3,181,957
Goodwill 94,697 94,697
Core deposit intangible assets 2,516 2,843
Bank-owned life insurance 96,062 94,877
Premises and equipment, net 39,050 39,884
Deferred tax assets 13,237 11,956
Other assets 118,083 152,388
Total assets 5,152,069 4,898,745
Deposits:    
Non-interest checking 1,183,403 792,550
Interest checking 1,138,273 1,288,575
Savings and money market 1,355,316 1,282,886
Certificates of deposit 334,336 357,666
Brokered deposits 282,786 283,567
Total deposits 4,294,114 4,005,244
Short-term borrowings 170,413 162,439
Long-term borrowings 0 25,000
Subordinated debentures 44,331 59,331
Accrued interest and other liabilities 97,663 117,417
Total liabilities 4,606,521 4,369,431
Commitments and Contingencies
Shareholders’ Equity    
Common stock, no par value: authorized 40,000,000 shares, issued and outstanding 14,951,067 and 14,909,097 shares on June 30, 2021 and December 31, 2020, respectively 132,278 131,072
Retained earnings 404,602 377,502
Accumulated other comprehensive income:    
Net unrealized gain on available-for-sale debt securities, net of tax 14,097 29,310
Net unrealized loss on cash flow hedging derivative instruments, net of tax (1,826) (4,626)
Net unrecognized loss on postretirement plans, net of tax (3,603) (3,944)
Total accumulated other comprehensive income 8,668 20,740
Total shareholders’ equity 545,548 529,314
Total liabilities and shareholders’ equity $ 5,152,069 $ 4,898,745